Many people believe that the increase in stablecoin supply would automatically lead to a rise in Bitcoin markets. However, this assumption is challenged by the current utilization of stablecoins as a means to store value.
Countries experiencing rapid depreciation of fiat currencies or imposing strict capital controls have turned to stablecoins as a financial refuge, thus restricting their performance influencing markets like Bitcoin.
The insights provided by Ki Young Ju highlight that while stablecoins offer transactional conveniences, they should not be seen as a direct catalyst for Bitcoin market movements under current circumstances.
